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What is the correct cash balance per books at april 30

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Question

Congo Ltd. prepared the following bank reconciliation at March 31:
Balance per bank statement

.................................................. $37,200
Add: Deposit in transit ........................................................... 10,300

.............................................................................................. 47,500

Less: Outstanding cheques ................................................... 12,600

Correct cash balance per books, March 31 ........................... $34,900

Data per bank statement for the month of April follows:

Deposits ................................................................................ $47,700

Disbursements ...................................................................... 49,700

All reconciling items at March 31 cleared the bank in April. Outstanding cheques at April

30th totaled $5,000. There were no deposits in transit at April 30.

Required:

What is the correct cash balance per books at April 30?

Reference no: EM132315769

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